CBIZ, Inc. $CBZ Shares Sold by US Bancorp DE

US Bancorp DE cut its position in shares of CBIZ, Inc. (NYSE:CBZ) by 14.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,536 shares of the business services provider’s stock after selling 260 shares during the quarter. US Bancorp DE’s holdings in CBIZ were worth $117,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in CBZ. Whittier Trust Co. purchased a new stake in shares of CBIZ in the first quarter valued at $34,000. McIlrath & Eck LLC lifted its stake in shares of CBIZ by 193.2% during the fourth quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider’s stock worth $46,000 after purchasing an additional 367 shares in the last quarter. Olde Wealth Management LLC acquired a new position in shares of CBIZ during the first quarter worth about $55,000. Assetmark Inc. lifted its stake in shares of CBIZ by 19.9% in the first quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock worth $69,000 after acquiring an additional 150 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC acquired a new position in shares of CBIZ in the fourth quarter worth about $204,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, William Blair restated an “outperform” rating on shares of CBIZ in a research note on Friday, April 25th.

CBIZ Stock Down 0.2%

NYSE:CBZ opened at $62.49 on Monday. The firm has a market capitalization of $3.37 billion, a PE ratio of 35.91 and a beta of 0.92. The stock has a 50 day moving average of $69.99 and a 200-day moving average of $73.82. CBIZ, Inc. has a 52 week low of $56.83 and a 52 week high of $90.13. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79.

CBIZ (NYSE:CBZ) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.11. CBIZ had a return on equity of 14.73% and a net margin of 4.51%. The business had revenue of $683.50 million during the quarter, compared to analyst estimates of $701.43 million. During the same period in the prior year, the company posted $0.39 EPS. The business’s revenue for the quarter was up 62.7% compared to the same quarter last year. Analysts predict that CBIZ, Inc. will post 2.65 EPS for the current year.

Insiders Place Their Bets

In other news, Director Rodney A. Young bought 2,000 shares of the business’s stock in a transaction on Friday, August 8th. The stock was purchased at an average cost of $62.43 per share, for a total transaction of $124,860.00. Following the completion of the transaction, the director directly owned 8,310 shares of the company’s stock, valued at approximately $518,793.30. This trade represents a 31.70% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.95% of the stock is owned by company insiders.

CBIZ Profile

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.